PEPE token price rose on Thursday, continuing to recover from previous setbacks as speculators clocked up huge trading volumes on the meme coin.

Pepe代幣的價格在周四上漲，隨著投機者在模因硬幣上的巨大交易量，繼續從以前的挫折中恢復過來。

Here's what's moving in the market.

這是市場上的發展。

What Happened: PEPE surged by 16% today, closing a Cup & Handle chart pattern that enabled it to recuperate and improve on previous setbacks. Speculators rushed in, pushing spot trading volume to nearly $4 billion. That outpaced Dogecoin's $2.84 billion by about $1.10 billion. Among top trading coins, $Pepe ranked No.5 in terms of trading Volume. marked 3.9B today. We are back. — M Barbara (@Barbara_KVH) May 9, 2025Among top trading coins, $Pepe ranked No.5 in terms of trading Volume. marked 3.9B today. We are back.

發生的事情：Pepe今天飆升了16％，關閉了杯子和手柄圖表，使其能夠恢復並改善以前的挫折。投機者衝進去，將現貨交易量提高到近40億美元。這超過了Dogecoin的28.4億美元，大約超過了111億美元。在頂級交易硬幣中，$ PEPE在交易量方面排名第五。今天標記為3.9b。我們回來了。 - M Barbara（@Barbara_KVH）5月9日，2025年6月9日，頂級交易硬幣，$ PEPE在交易量方面排名第5。今天標記為3.9b。我們回來了。

According to data, PEPE's smart-contract trades reached $5.74 billion in derivatives today. That is up 280% from yesterday. Dogecoin continues to dominate futures with $6.60 billion volume and a solid Open Interest funding rate—the highest since February 2025. DOGE shorts lost $14 million in liquidations, which is about $3 million less than losses for PEPE shorts.

根據數據，Pepe的智能合同交易今天的衍生品達到了57.4億美元。比昨天增長了280％。 Dogecoin繼續以6600億美元的數量和可靠的開放利息融資率在期貨中佔據主導地位，這是2025年2月以來最高的。 Doge短褲損失了1400萬美元的清算，這比Pepe短褲的損失少300萬美元。

Related Link: How To Buy Pepe (PEPE) Tokens

相關鏈接：如何購買Pepe（Pepe）令牌

On-chain analysis from LookOnChain reveals that a single large wallet, known for previous transactions, has again added 500 billion PEPE tokens to its holdings. At today's prices, this batch of tokens is valued at $4.36 million.

Lookonchain的鏈分析表明，以前交易已知的一個大錢包再次增加了5000億PEPE令牌。以今天的價格，這批代幣的價值為436萬美元。

This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).

這鯨剛剛購買了500b $ pepe（436萬美元），目前持有2t $ pepe（1,742萬美元）。

Now, this whale owns 1.5 trillion tokens, which accrues to approximately $18.6 million at today's rate of $0.0000123. Such transactions can drive prices higher but can also spark sudden sell-offs.

現在，該鯨魚擁有1.5萬億個令牌，以今天的0.0000123的價格收穫約1,860萬美元。這樣的交易可以推動價格上漲，但也會引發突然拋售。

On-Chain Indicators Send Mixed Signals

鏈上指標發送混合信號

Latest data indicates Chaikin Money Flow on the PEPE/USDT pair went positive on May 6, 2025. That suggests cash is flowing back into the coin as geopolitical tensions subside. However, network growth indicators remain down. Fewer new wallets are entering the PEPE party. In other words, the rally might be more fueled by large traders swapping bags rather than new users piling in.

最新數據表明，Pepe/USDT對上的Chaikin貨幣流在2025年5月6日呈陽性。這表明現金正在流回硬幣，而隨著地緣政治緊張局勢的消退。但是，網絡增長指標仍然降低。進入Pepe派對的新錢包更少。換句話說，大型交易者交換袋子，而不是新用戶堆積的大型交易者可能會更加激發集會。

The overall supply of PEPE is around 420 trillion tokens, which is a massive amount. Even a fraction of that selling off could swamp exchanges. Coins with tighter supplies don't require as much buzz to maintain their price. PEPE has risen by over 112% this month, but big supplies mean big gains can turn just as quickly.

PEPE的總體供應約為420萬億代幣，這是一個大量的代幣。即使是賣出的一小部分也可能淹沒交流。耗材更緊密的硬幣不需要太多的嗡嗡聲即可保持其價格。 Pepe本月增長了112％以上，但大型供應意味著很大的收益可以迅速轉變。

Bitcoin Boost Fuels Retail Interest

比特幣增強燃料零售利息

Meanwhile, Bitcoin surged over $104,000 today. That level tends to attract more retail traders into the market. If retail is confident, they go after smaller coins afterward. That might drive PEPE higher if traders believe that the meme rally has legs to it. But it also increases the risk of a sharp pullback if Bitcoin loses steam.

同時，今天的比特幣飆升了104,000美元。該水平傾向於吸引更多的零售商人進入市場。如果零售有信心，他們之後就追隨較小的硬幣。如果交易者認為模因集會有腿，那可能會使Pepe更高。但是，如果比特幣失去蒸汽，這也會增加急劇下回調的風險。

What Investors Should Watch

投資者應該觀看什麼

Price action on meme coins can fluctuate wildly. Large volumes and whale purchases fuel headlines but do not always mean sustained growth. Look for changes in open interest, new wallet activity, and any adjustments in Bitcoin's price. If PEPE stays above that Cup & Handle breakout point, it might hang around. If not, today's surge might be all the pleasant news we get.

對模因硬幣的價格動作可能會大大波動。大量和鯨魚購買燃料頭條新聞，但並不總是意味著持續增長。尋找開放興趣，新錢包活動以及比特幣價格的任何調整的變化。如果Pepe停留在杯子和手柄突破點上方，則可能會徘徊。如果沒有，今天的激增可能就是我們得到的所有令人愉快的消息。

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查看更多有用的內容：

This article was written by Benzinga and adapted by Benzinga's Real Money Topics to highlight the investment opportunities presented in Sean Brodner's "The Brodner Report" newsletter. Sean's insights are focused on identifying small-cap and mid-cap stocks poised for significant growth. For a limited time, readers can claim a special offer to subscribe to the newsletter and receive valuable investment recommendations.

這篇文章是由Benzinga撰寫的，並由Benzinga的真實資金主題改編，以強調肖恩·布羅德納（Sean Brodner）的《布羅德納報告》（The Brodner Report）中提出的投資機會。肖恩（Sean）的見解專注於確定有資金增長的小型股和中股股票。在有限的時間內，讀者可以要求訂閱新聞通訊並收到寶貴的投資建議。